EU wants more military spending and revenue from bonds, investments, and taxes
(photo from Pexels)
Europe is looking at ways to finance a larger military:
Europe’s rearmament: New temptation to issue Eurobonds
30 May 2024
How will Europe’s governments finance the boost in defense spending? Three options are possible: raising taxes, raising national debt or issuing joint EU securities. …
The EU’s military expenditure is certain to increase significantly … presidential candidate Donald Trump has dropped hints that the U.S. could leave NATO and let the Europeans fend for themselves. …
The reaction in Europe to the combined pressures of a war on its doorstep and threatened withdrawal of U.S. military support has been mixed. …
Europeans do not need to make intolerable sacrifices to increase their military expenditures and enhance deterrence. …
The circumstances require more spending on the military. So, how can governments fund it? Three options are possible: raising taxes, accumulating more national debt or issuing joint EU securities.
A rise in taxation is the most troublesome and painful among the instruments available, at least in the short run. Disputes would ensue on whether it should be a national or an EU tax and who decides how the revenues are spent. That could lead to tensions across the alliance. Moreover, taxing the rich would not suffice since there are not enough high-income well-to-do taxpayers; the axe would need to drop heavily on on those with lower incomes. …
Debt makes good political sense for Brussels. … The financial markets could easily absorb this – especially if the authorities refrain from dubbing this instrument a “war bond” https://www.gisreportsonline.com/r/europes-rearmament-eurobonds-taxes-ecb/
How can the EU finance its ambitious spending plans?
29 May 2024
The European Union faces monumental investment needs in climate change, defense, and digitalization. …
The so-called Green New Deal is the flagship project of the current European Commission under its president Ursula von der Leyen. Aimed at making the 27-member EU climate-neutral by 2050, the initiative is estimated to require annual investments of up to €1 trillion ($1.09 trillion). …
One way to alleviate EU countries’ funding needs could be to increase private sector investment. …
Another funding source could be joint EU borrowing …
Julia Cage, an economics professor at Sciences Po in Paris, proposes a wealth tax directly levied by the EU which would make it harder for rich and super-rich EU citizens to sneak through national taxation loopholes. …
A progressive environmental tax that increases with an individual’s carbon footprint, could make the wealthy more accountable for their emissions, she argued, and distribute the financial burden of stopping climate change more equitably. https://www.dw.com/en/how-can-the-eu-finance-its-ambitious-spending-plans/a-69208765
Europe may issue bonds, have more capital investment, as well as raise taxes, as the latter seems to be suggested from scripture.
How so?
Well, first consider that the late Pastor General of the old Radio/Worldwide Church of God, Herbert W. Armstrong, wrote the following:
In Daniel 11:21, referring in original, typical fulfillment to Antiochus Epiphanes, there shall stand up a vile person…So once again before the second coming of Christ, a vile leader will stop the daily sacrifices being offered…This same prophecy spoken by Jesus is also reported by Luke…21:20-24 (Armstrong HW. Personal, Plain Truth magazine, June 1967).
Thus, Herbert W. Armstrong clearly taught that starting at least from verse 21, that Daniel 11 had a dual/future fulfillment. Presuming he was correct, we are getting very close to the fulfillment of Daniel 11:21.
20 “There shall arise in his place one who imposes taxes on the glorious kingdom; but within a few days he shall be destroyed, but not in anger or in battle. 21 And in his place shall arise a vile person, … (Daniel 11:20-21a)
So, there looks to be a connection between verse 20 and verse 21. Hence, soon, we may see this raiser of taxes rise up or perhaps if this person does not have to be male, current EU Commissioner Ursula von der Leyen will get re-elected and will raise taxes (which she has proposed) and not live out her term. Or she may be soon replaced by a male who will raise taxes and then die shortly thereafter.
Furthermore, consider that funding its military is one of the main reasons that the EU wants more revenue. Climate matters will also be touted for at least political reasons as well. And Europe’s funding of its “digitalization” plans look like a way to fulfill ‘666’ prophecies in Revelation 13:15-18.
Have no doubts about it, there is a shift going on in Europe.
Many of the leaders in Europe have decided that they will support a bigger and stronger military as well as more digital control.
The Bible teaches that the coming European King of the North will have a “great army” (Daniel 11:25) and “many ships” (Daniel 11:40).
Once the European Beast power uses his forces to fulfill prophecies, such as are in Daniel 11:39-43, the world will marvel because it thought that Europe was basically dead from a military perspective:
1 Then I stood on the sand of the sea. And I saw a beast rising up out of the sea, having seven heads and ten horns, and on his horns ten crowns, and on his heads a blasphemous name. 2 Now the beast which I saw was like a leopard, his feet were like the feet of a bear, and his mouth like the mouth of a lion. The dragon gave him his power, his throne, and great authority. 3 And I saw one of his heads as if it had been mortally wounded, and his deadly wound was healed. And all the world marveled and followed the beast. 4 So they worshiped the dragon who gave authority to the beast; and they worshiped the beast, saying, “Who is like the beast? Who is able to make war with him?” (Revelation 13:1-4)
Let me add that it has been my published view for 15 years that technology will be key for Europe to do this.
Consider also that Europe got more serious about taking steps, prior to the Russia-Ukraine conflict, after the first election of Donald Trump as USA President.
One step was the formation of something called Permanent Structured Cooperation, commonly called PESCO. PESCO is a multi-national European military alliance.
A while back, the Continuing Church of God (CCOG) put out the following video on our Bible News Prophecy YouTube channel:
PESCO and a Great European Army
In November 2018, French President Macron called for a “true European army” because of China, Russia, and the USA. Some others in Europe have echoed that sentiment. On November 9, 2018, US President Donald Trump called that an insult, but the next day said that the USA wanted “a very strong Europe.” Emmanuel Macron referred to Donald Trump as “my friend” and indicated a desire to strengthen Europe’s military spending. In December 2017, 25 European nations agreed to be part of a military alliance called PESCO. Europe also has NATO and IEI. Will Europe end up with “a great army”? Has Donald Trump’s announcement to withdraw from the 1987 Intermediate-Range Nuclear Forces Treaty gotten some to say that Europe must rebel against the USA? Is the idea of a United States of Europe and a European army a “paranoid fantasy” or a biblical reality? Will the USA regret Europe becoming a stronger military power? Will the USA be betrayed by “friends” such as its continental European allies? Does the Bible teach any or all of this? Are there connections to the Beast of Revelation or the King of the North of Daniel 11? Dr. Thiel addresses these matters in this video.
Here is a link to the sermonette video: PESCO and a Great European Army.
Almost all EU nations are part of PESCO.
And, PESCO has been funding a variety of technological projects and wants to fund more.
With the prospective of another Donald Trump presidency, Europe does not wish to wait to take steps–it is taking more and more now.
The basic plan is for Europe to be a strong military power independent of the USA. And one that the Bible shows will ultimately defeat the USA (Daniel 11:39; see also USA in Prophecy: The Strongest Fortresses).
Although many in the USA and elsewhere act like that is not possible, those of us who understand certain aspects of biblical prophecy realize that the Bible shows that:
39 Thus he shall act against the strongest fortresses with a foreign god, which he shall acknowledge, and advance its glory; and he shall cause them to rule over many, and divide the land for gain. (Daniel 11:39)
The “he” above is the European King of the North. In the 21st century, the “strongest fortresses” belong to the USA and its British-descended allies (cf. Daniel 8:24-25; Isaiah 17:3)–and notice that the Bible says that the power with the strongest fortresses will be defeated.
Steps to create a great European army are being taken now, with plans to do more in the future.
Many want Europe to become a major military power. The political situation in the USA is making the Europeans nervous. An unintended consequence of the Trump Administration policies was to get the Europeans to look seriously at being a military power independent of the USA.
Europe is now working to do so and is looking at multiple ways to fund this.
This will not end well for the USA (cf. Daniel 11:39) nor its British-descended allies (cf. Daniel 8:24-25; Isaiah 17:3).
Some items of possibly related interest may include:
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is are links to related videos: European history and the Bible, Europe In Prophecy, The End of European Babylon, and Can You Prove that the Beast to Come is European? Here is a link to a related sermon in the Spanish language: El Fin de la Babilonia Europea.
The European Union and the Seven Kings of Revelation 17 Could the European Union be the sixth king that now is, but is not? Here is a link to the related sermon video: European Union & 7 Kings of Revelation 17:10.
Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations? Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous. Here is a link to a related sermon in the Spanish language: ¿Deben los Diez Reyes gobernar sobre diez naciones? A related sermon in the English language is titled: Ten Kings of Revelation and the Great Tribulation.
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out ¿Quién es el Rey del Norte? Here are links to three related videos: The King of the North is Alive: What to Look Out For. The Future King of the North, and Rise of the Prophesied King of the North.
The Great Monarch: Biblical and Greco-Roman Catholic Prophecies Is the ‘Great Monarch’ of Greco-Roman Catholic prophecies endorsed or condemned by the Bible? Two sermons of related interest are also available: Great Monarch: Messiah or False Christ? and Great Monarch in 50+ Beast Prophecies.
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. Two related sermon are available: Identifying the USA and its Destruction in Prophecy and Do these 7 prophesies point to the end of the USA?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin? A related sermon is also available: The Bible, the USA, and the King of the West.
Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America? Where did those people come from? Can you totally rely on DNA? What about other peoples? Do you really know what will happen to Europe and the English-speaking peoples? What about Africa, Asia, South America, and the Islands? This free online book provides scriptural, scientific, historical references, and commentary to address those matters. Here are links to related sermons: Lost tribes, the Bible, and DNA; Lost tribes, prophecies, and identifications; 11 Tribes, 144,000, and Multitudes; Israel, Jeremiah, Tea Tephi, and British Royalty; Gentile European Beast; Royal Succession, Samaria, and Prophecies; Asia, Islands, Latin America, Africa, and Armageddon; When Will the End of the Age Come?; Rise of the Prophesied King of the North; Christian Persecution from the Beast; WWIII and the Coming New World Order; and Woes, WWIV, and the Good News of the Kingdom of God.
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